Russell Investments Group Ltd. Decreases Holdings in Cushman & Wakefield PLC $CWK

Key Points

• Russell Investments Group Ltd. has reduced its holdings in Cushman & Wakefield PLC by 4.3%, now owning approximately 0.23% of the company, valued at $5.5 million.
• Large investors have shown mixed activity with Deutsche Bank AG increasing its stake by over 800%, while others like Russell Investments decreased theirs.
• Analysts maintain a generally "Moderate Buy" consensus rating for Cushman & Wakefield, with various brokerages recently raising their price targets.

Russell Investments Group Ltd. cut its holdings in shares of Cushman & Wakefield PLC (NYSE:CWK - Free Report) by 4.3% in the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 539,203 shares of the company's stock after selling 24,228 shares during the quarter. Russell Investments Group Ltd. owned approximately 0.23% of Cushman & Wakefield worth $5,511,000 at the end of the most recent reporting period.

Several other large investors also recently added to or reduced their stakes in CWK. Deutsche Bank AG increased its holdings in Cushman & Wakefield by 807.1% in the 1st quarter. Deutsche Bank AG now owns 1,870,044 shares of the company's stock worth $19,112,000 after acquiring an additional 1,663,880 shares during the last quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC increased its holdings in Cushman & Wakefield by 54.7% in the 4th quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 3,067,526 shares of the company's stock worth $40,123,000 after acquiring an additional 1,084,940 shares during the last quarter. Nuveen LLC purchased a new stake in Cushman & Wakefield in the 1st quarter worth about $11,086,000. Jane Street Group LLC increased its holdings in Cushman & Wakefield by 101.8% in the 4th quarter. Jane Street Group LLC now owns 14,542 shares of the company's stock worth $190,000 after acquiring an additional 837,554 shares during the last quarter. Finally, Dimensional Fund Advisors LP increased its holdings in Cushman & Wakefield by 6.8% in the 4th quarter. Dimensional Fund Advisors LP now owns 11,586,407 shares of the company's stock worth $151,551,000 after acquiring an additional 736,955 shares during the last quarter. Hedge funds and other institutional investors own 95.56% of the company's stock.

Wall Street Analysts Forecast Growth

Several brokerages recently weighed in on CWK. The Goldman Sachs Group raised Cushman & Wakefield from a "sell" rating to a "buy" rating and set a $17.50 price objective for the company in a report on Friday, August 8th. UBS Group lifted their price objective on Cushman & Wakefield from $9.00 to $12.00 and gave the stock a "neutral" rating in a report on Wednesday, July 2nd. Morgan Stanley set a $14.50 price objective on Cushman & Wakefield and gave the stock an "overweight" rating in a report on Thursday, June 12th. Wall Street Zen raised Cushman & Wakefield from a "buy" rating to a "strong-buy" rating in a report on Saturday, August 9th. Finally, JMP Securities lifted their target price on Cushman & Wakefield from $15.00 to $16.00 and gave the company a "market outperform" rating in a report on Wednesday, August 6th. One equities research analyst has rated the stock with a Strong Buy rating, three have given a Buy rating and four have assigned a Hold rating to the stock. According to data from MarketBeat.com, the company has an average rating of "Moderate Buy" and a consensus price target of $14.38.

Cushman & Wakefield Stock Down 0.5%

Shares of NYSE:CWK opened at $14.8040 on Friday. The firm has a fifty day moving average price of $12.14 and a two-hundred day moving average price of $11.04. The company has a debt-to-equity ratio of 1.48, a current ratio of 1.13 and a quick ratio of 1.13. Cushman & Wakefield PLC has a one year low of $7.64 and a one year high of $16.11. The company has a market cap of $3.43 billion, a price-to-earnings ratio of 16.82 and a beta of 1.50.

Cushman & Wakefield (NYSE:CWK - Get Free Report) last announced its quarterly earnings results on Tuesday, August 5th. The company reported $0.30 EPS for the quarter, beating the consensus estimate of $0.22 by $0.08. Cushman & Wakefield had a net margin of 2.11% and a return on equity of 14.33%. The firm had revenue of $1.65 billion during the quarter, compared to the consensus estimate of $2.38 billion. During the same period last year, the firm earned $0.20 EPS. The business's quarterly revenue was up 7.2% compared to the same quarter last year. Analysts anticipate that Cushman & Wakefield PLC will post 1.2 EPS for the current fiscal year.

Cushman & Wakefield Company Profile

Cushman & Wakefield Plc engages in the provision of commercial real estate services. It operates through the following geographical segments: Americas, Europe, Middle East and Africa (EMEA), and Asia Pacific (APAC). The Americas segment consists of operations located in the United States, Canada and key markets in Latin America.

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